ProStrakan cancer pain drug Abstral wins US approval

ProStrakan The US market for the cancer pain drug is worth around £350m

Related Stories

The Galashiels drug firm ProStrakan has won permission in the United States to start selling its cancer pain drug Abstral.

The company said it would launch the product in the States in the next few weeks.

Abstral rapidly melts under the tongue and is used to stop breakthrough pain in cancer patients who are already taking pain-relief drugs.

It is estimated the market for such a drug is worth about £350m.

The drug, a form of the opioid fentanyl, will be only be available through registered doctors and pharmacies.

Delays over its approval have rocked the company in recent months and in part led to the resignation of its chief executive Wilson Totten.

Another drug, the testosterone gel Fortesta, is also due to be launched in the US in the first quarter of 2011.

ProStrakan's chairman and acting chief executive Peter Allen, said: "We are delighted, at the beginning of 2011, to be reporting details of two US product approvals."

He added: "FDA approval of Abstral is another significant step forward for ProStrakan, enabling us to launch our second major oncology support product in the US, the world's largest pharmaceutical market."

In a stockmarket statement, ProStrakan said it was still considering offers for the company.

It said it had made sales of about £100m in 2010 - up around 27% on 2009.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.